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Re-qualifying Mandatory Weeks

Discussion in 'Vistana Signature Experiences (formerly Starwood)' started by The Haileys, May 12, 2018.

  1. Markus

    Markus TUG Member

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    Yes. Vistana will give you a credit of 80% of the price the week was originally sold to the first purchaser. This credit is used against a new developper purchase.

    Markus
     
    youknowthenight likes this.
  2. youknowthenight

    youknowthenight TUG Member

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    Can you only trade in one for one, or can you apply multiple to one? I would think people could scoop up a bunch of free SBPs for example and credit them all to a new purchase .
     
  3. DannyTS

    DannyTS TUG Member

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    did you have any balance to pay? If i understand correctly you got a credit of 35k so there should have not been much if any left after that, right?
     
  4. KevSki

    KevSki TUG Member

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    You can only sell back one and and retro one in one transaction. If I recall correctly, Vistana wants $20K in new money, but will allow the trade-in to count against the purchase price.
     
  5. carpie99

    carpie99 TUG Member

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    yes ... I get this offer all the time ... but need to include $20K of new money ... no thanks!
     
    youknowthenight likes this.
  6. Sicnarf

    Sicnarf TUG Member

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    Yes
     
  7. duke

    duke TUG Member

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    For WKORV (S/N/Nanea) it is $75k (not $20k) new money for oceanfront units.
     
    youknowthenight likes this.
  8. SandyPGravel

    SandyPGravel Guest

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    What I like is my week(WSJ) is tax assessed at 20K(IIRC), original owner paid 30K, sales says my week now would cost 68K. So 80% of 30K + I give them another 20K and they'll turn around and sell my original week for $68K??? I don't think I'll take that deal.
    OUCH!!!
     
    Tucsonadventurer likes this.
  9. carpie99

    carpie99 TUG Member

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    I don't understand how they can validate that price? Aren't maintenance fees like $3200 a year? $75,000 over 15 years is $5,000 a year not including it already being paid total upfront.

    How much is it just to do a straight rental of one of these units? Significantly more than $8,200 a week?
     
    youknowthenight likes this.
  10. okwiater

    okwiater TUG Member

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    Yes, but if you rent a unit you don't get to be Elite! :thumbup:
     
    The Haileys likes this.
  11. The Haileys

    The Haileys Guest

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    Hotel rates in Hawaii, especially Maui, are insane. A week in a 2 bed ocean view can run as much as $12,000 for a week, for hotel guests. Average is $1100 a night. Ocean FRONT is probably not even available to hotel guests. Island view studios start around $400 a night. We pay about $1800 in maintenance fees for our one bedroom ocean view. The same week would cost over $5000 through hotel inventory. So yeah, worth it.
     
  12. Markus

    Markus TUG Member

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    It really depends on the sales office, quarter end and product being sold. I have traded in 2 weeks on a single transaction and have had to put in as little as $10K, all while also retroing a week.

    Markus
     
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  13. KACTravels

    KACTravels TUG Member

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    So the new money was $13K not $15K?
     
  14. darius

    darius TUG Member

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    Markus, congrats on your transaction. Just out of curiosity, what did you trade in and purchase to put in 10K if you don't mind sharing?
     
    KACTravels likes this.
  15. The Haileys

    The Haileys Guest

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    Westin Ka'anapali Ocean Resort Sheraton Flex Sheraton Vistana Villages - Bella EY
    They were crediting about $2k in equity in the Flex, the total was about $25k, after taking back the EOY Flex and selling us an annual Flex, plus re-qualifying the Bella resale. Then another $2600 off from the Explorer package we (stupidly) bought two years ago. All in, $23k.

    Sent from my SM-G950U using Tapatalk
     
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